SPRING WATER, MILL LANE, MERE, WARMINSTER, BA12 6DA - £115,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SPRING WATER is a detached house, which could now be worth an estimated £452,435. It was last sold for £115,000 in June 1998, which was around 13% below the average June 1998 detached price in the Wiltshire local authority area.

SPRING WATER Sold Prices

Land registry data shows two sales for SPRING WATER since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. Both of the two SPRING WATER sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
1998 19 JUN	£115,000	£131,471	13% below HPI
1995 24 JUL	£83,000	£103,080	19% below HPI

What might SPRING WATER be worth now?

SPRING WATER might now be worth an estimated £452,435.

This is based on house price inflation of 293.4%, between June 1998 and May 2026, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 293.4% inflationary increase is applied to the most recent sale price for SPRING WATER of £115,000 on 19th June 1998. For the value to have increased from £115,000 to £452,435 over the 28 years and one month to May 2026, the following assumptions must hold true:

• The value of SPRING WATER has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The June 1998 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING WATER has not materially changed since June 1998.

Where is SPRING WATER?

SPRING WATER is located on MILL LANE in MERE, in the BA12 postcode district.